St. Joe Company (The) (JOE) Cut to “Hold” at BidaskClub

BidaskClub cut shares of St. Joe Company (The) (NYSE:JOE) from a buy rating to a hold rating in a report released on Wednesday.

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Separately, Zacks Investment Research upgraded St. Joe Company (The) from a hold rating to a buy rating and set a $21.00 price target on the stock in a research report on Friday, July 14th.

Shares of St. Joe Company (JOE) opened at 19.10 on Wednesday. The company’s 50-day moving average price is $18.55 and its 200-day moving average price is $17.67. St. Joe Company has a 12 month low of $16.30 and a 12 month high of $21.90. The company has a market cap of $1.35 billion, a price-to-earnings ratio of 68.46 and a beta of 0.91.

St. Joe Company (The) (NYSE:JOE) last issued its quarterly earnings data on Thursday, August 3rd. The financial services provider reported $0.15 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.04 by $0.11. St. Joe Company (The) had a return on equity of 3.08% and a net margin of 23.02%. The company had revenue of $30.40 million for the quarter. Analysts anticipate that St. Joe Company will post $0.25 EPS for the current year.

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A number of large investors have recently added to or reduced their stakes in JOE. UBS Group AG increased its stake in St. Joe Company (The) by 4.9% in the first quarter. UBS Group AG now owns 6,203 shares of the financial services provider’s stock worth $106,000 after buying an additional 289 shares during the last quarter. BNP Paribas Arbitrage SA increased its stake in St. Joe Company (The) by 207.3% in the second quarter. BNP Paribas Arbitrage SA now owns 5,987 shares of the financial services provider’s stock worth $112,000 after buying an additional 4,039 shares during the last quarter. SG Americas Securities LLC purchased a new stake in St. Joe Company (The) during the second quarter worth $114,000. QS Investors LLC purchased a new stake in St. Joe Company (The) during the second quarter worth $146,000. Finally, Cutler Group LP purchased a new stake in St. Joe Company (The) during the second quarter worth $150,000. Institutional investors and hedge funds own 96.23% of the company’s stock.

St. Joe Company (The) Company Profile

The St. Joe Company is a real estate development, asset management and operating company. The Company operates through five segments: residential real estate; commercial real estate; resorts and leisure; leasing operations, and forestry. Its residential real estate segment plans and develops primary residential and resort residential communities of various sizes on its existing land.